If you’ve recently secured a new role, you may be given a couple of options for your preferred method of payroll. Most commonly, there are two options: being paid through the recruitment agency, or registering with an umbrella company. Our blog explains the key differences to consider when choosing how to get paid for your temporary assignments.
Since 6th April 2016, Supervision, Direction and Control (SDC) has restricted the tax relief that contractors working through an umbrella company are allowed to claim. Our blog explains what expenses you can claim through an umbrella company.
One of the benefits of being employed by an umbrella company is that your earnings are taxed before you are paid – so you don’t have to complete a tax return. However, you may need to complete one if you any have additional, untaxed income alongside your umbrella earnings.
Thousands of self-employed individuals are now facing significant tax bills as the government step up their efforts to reclaim underpaid tax via the controversial Loan Charge.
